Jeff Nielson is co-founder and managing partner of Bullion Bulls Canada

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If silver was ever priced anywhere close to a fair and rational level, we would see the resurrection of the global silver mining industry. Once again, most of the world’s silver would come from silver mines, as had been the case for thousands of years.

4) An absolute minimum price for silver today would be $200/oz. However, a very strong case can be made that the current price of silver should be at least $1,000/oz (USD).

The world will eventually run out of silver, and it will happen soon. Roughly one billion ounces of stockpiled silver has been consumed over just the last decade alone. The numbers don’t tell us that this silver default might happen, they tell us that it will happen.

https://www.sprottmoney.com/blog/silver-fundamentals-the-numbers-dont-lie-jeff-nielson.html